Solitron Devices, Inc. Announces Closing of Acquisition and Preliminary Fiscal 2024 Second Quarter Sales and Bookings - Yahoo Finance
SODI Stock | USD 16.05 0.45 2.73% |
Under 61% of Solitron Devices' investor base is looking to short. The analysis of overall sentiment of trading Solitron Devices pink sheet suggests that many investors are alarmed at this time. Solitron Devices' investing sentiment shows overall attitude of investors towards Solitron Devices.
Solitron |
Solitron Devices, Inc. Announces Closing of Acquisition and Preliminary Fiscal 2024 Second Quarter Sales and Bookings Yahoo Finance
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Solitron Devices Fundamental Analysis
We analyze Solitron Devices' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Solitron Devices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Solitron Devices based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Price To Book
Price To Book Comparative Analysis
Solitron Devices is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Solitron Devices Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Solitron Devices pink sheet to make a market-neutral strategy. Peer analysis of Solitron Devices could also be used in its relative valuation, which is a method of valuing Solitron Devices by comparing valuation metrics with similar companies.
Peers
Solitron Devices Related Equities
NKLA | Nikola Corp | 2.54 | ||||
DE | Deere | 1.18 | ||||
TWI | Titan International | 0.52 | ||||
CAT | Caterpillar | 0.82 | ||||
WNC | Wabash National | 1.51 | ||||
LEV | Lion Electric | 24.24 |
Complementary Tools for Solitron Pink Sheet analysis
When running Solitron Devices' price analysis, check to measure Solitron Devices' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Solitron Devices is operating at the current time. Most of Solitron Devices' value examination focuses on studying past and present price action to predict the probability of Solitron Devices' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Solitron Devices' price. Additionally, you may evaluate how the addition of Solitron Devices to your portfolios can decrease your overall portfolio volatility.
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